10 Best Low Priced Stocks to Invest in Now

8. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Number of Hedge Fund Investors: 33

Stock Price as of December 24: $9.19

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is a leading global pharmacy-led health and wellbeing company, with a presence in over 11 countries including the United States, Europe, and Latin America. The company serves millions of customers through retail pharmacies, healthcare services, and pharmaceutical wholesale operations.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is reorienting its business to focus on its core strength as a retail pharmacy-led company. Management believes that the company’s trust is built on millions of daily face-to-face interactions with pharmacy personnel, and aims to maintain this trust by being the first choice for retail pharmacy and health services. To ensure this, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is investing in its approximately 6,000 profitable stores. The company is also accelerating the closure of underperforming stores, with plans to close approximately 1,200 stores over the next three years and reduce the fixed costs associated with them.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is focusing on a selective merchandising strategy, with categories such as health and wellness and women’s health. The company has already launched over 300 new owned brand SKUs this year and plans to launch more in the coming year. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is also focusing on improving operating cash flows through cost and working capital management, with a goal of $500 million in working capital initiatives and $150 million in further CapEx Reduction in fiscal 2025. Additionally, the company is exploring opportunities to monetize non-core assets, such as VillageMD, to generate cash and reduce net debt.